HC Deb 17 June 1982 vol 25 c347W
37. Mr. Sheerman

asked the Chancellor of the Exchequer what was the level of output in the first quarter of 1979; and when he expects an equivalent level to be attained.

Sir Geoffrey Howe

The CSO's average index of gross domestic product at constant prices was 108.l0 in the first quarter of 1979, based on a value of 100 in 1975. The forecast published at the time of the Budget implied that this level would be reached again during the first half of 1983.